The pound is falling sharply in asian trade ahead of the Big Brexit Speech by theresa may. The billion dollar fine speech by theresa may. The billion dollarfine and speech by theresa may. The billion dollar fine and admission of guilt is this the end of the Takata Nightmare . Hello and welcome to Asia Business report. The british pound is under pressure, falling on speculation the uk is moving closer to exiting the Single Market of the eu. Trading just below a dollar 20. The first time it has fallen that level since october. I think it is a Co Nflu E Nce level since october. I think it is a confluence of not just level since october. I think it is a confluence of notjust expectation about the speech, and it seems some of the key details have been leaked over the weekend, but it segues nicely to Philip Hammonds comments that if the uk needed to recalibrate its economy, it would. Taken together has meant traders in asia have taken at the signal we are in for a hard brexit and that is wha
two reports this week that china s economy is slowing down and china guiding the value of the currency lower. europe markets are slower. you probably have zero expose tour the chinese stock market. the chinese economy you do. so do european companies. this worry about a slowing chinese economy is worrying in paris and frankfurt and dow futures. the dow plunged 252 points yesterday. that is 1.5%. this is the worst start to the trading year since 2008. nasdaq and s&p had a tough day yesterday. north korea s reported hydrogen bomb test setoff selling yesterday. as well as plunging oil prices. a barrel of crude oil is above $32 a barrel. i have to tell you. the oil crash has been fantastic
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